GOP Budget Bill Triggers $500 Billion Medicare Cuts, CBO Warns

President Donald Trump's budget reconciliation package, dubbed the 'One Big, Beautiful Bill,' has been revealed by the Congressional Budget Office (CBO) to potentially trigger automatic cuts exceeding $500 billion to Medicare due to its significant contribution to the national deficit. The bill, which also includes over $800 billion in Medicaid cuts and provides tax breaks largely benefiting the wealthy, could cause sequestration under the Statutory Pay-As-You-Go Act, mandating across-the-board spending reductions. Democratic lawmakers, including Rep. Brendan Boyle, have strongly criticized the bill, highlighting its detrimental impact on vital programs relied on by millions, especially seniors. Despite Trump’s campaign promises to protect Medicare, the CBO's analysis shows that the deficit increase from this bill would force Medicare cuts capped at 4% annually, totaling nearly $490 to $535 billion over a decade. Republicans have not proposed offsetting measures or waivers to prevent these automatic cuts, raising concerns about the bill's political and social consequences. The legislation is facing intense debate amid efforts to meet legislative deadlines, with some Republicans pushing for even deeper spending reductions.